Iran’s 11-month tax revenues up 54% YOY to $7.8 billion

The Iranian National Tax Administration collected 4,287 trillion rials ($7.88 billion) in tax during the first 11 months of the current fiscal year (started March 21, 2022).

4 March 2023
ID : 44515
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The Iranian National Tax Administration collected 4,287 trillion rials ($7.88 billion) in tax during the first 11 months of the current fiscal year (started March 21, 2022).

According to the head of INTA’s Planning and Statistics Department, Mojtaba Amiri, the figure shows a 54% rise compared to tax income in last year’s corresponding period, IRNA reported.

“Over 2,660 rials [$4.88 billion] were collected in direct taxes, which indicate a 59% year-on-year rise,” he added.

Amiri noted that income from tax on goods and services rose 48% to stand at 1,620 trillion rials ($2.97 billion).

Davoud Manzour, the head of INTA, recently said the identification of new taxpayers and stemming tax evasion account for 60% of the rise in the government’s tax income.

On the remaining 40%, he said part of the increase in tax income comes with rising commodity prices, as the 9% value-added tax is an important form of taxation that increases in volume in line with rising prices.

Another aspect to rise in tax income, he added, is funded by manufacturing units’ exit from recession, which will increase value added generation.

Manzour noted that INTA came up with its own estimates of about 350,000 companies and three million individuals who failed to submit their tax declarations this year.

Stressing that the government pursues a policy of trusting taxpayers’ declarations, the INTA chief noted that only 5-10% of all declarations will be reviewed by the taxman.

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